Taxes

When discussing income tax, it’s easy to confuse similar-sounding technical terms. The boundaries around tax exemption and tax deduction are particularly blurry. Although these two types of reductions tend to be used interchangeably, they have separate structures and operate under distinct criteria. Recognizing the differences between exemptions and deductions will help you gain a better […]

Solar power energy provides benefits such as low pollution, energy savings and a reduced carbon footprint. In an effort to encourage people to install solar power in their homes, the U.S. government introduced federal solar tax credits for new residential and commercial systems in 2006. This tax credit can help to offset equipment and installation […]

If you’re thinking about moving to a new state, then you might want to look at its taxes. Since individual income, property, and sales/excise taxes vary from state to state, your total tax burden can vary significantly. So, where do residents pay the most taxes? To figure that out, a recent WalletHub report compares every […]

Whether you realize it or not, April 18th is a big day. That’s when taxes in the United States have to be filed. Even if you didn’t know when the filing deadline was, anyone reading this definitely knows it’s tax season. At this time of year, accounting companies are working overtime to advertise their services […]